How Does Your Company Stack Up Against Other B Corporations
As the chart above indicates, a Certified B Corp goes a bit beyond a regular Benefit Corporation.
How to Become a Certified B Corp
Interested business leaders can sign up to take the B Impact Assessment to see how their companies stack up. There is also a Quick Impact Assessment here.
Below is a list of areas covered by the B Impact Assessment. More details can be found in The B Corp Handbook.
Good for Workers:
Compensation and Benefits:
Same benefits for employees and management
Professional development subsidies for employees
Wage ratios among different management levels and relative to industry standards
Worker Ownership: Stock Options and Equivalents
Work Environment:
Health and wellness programs
Regular worker satisfaction surveys
Flextime and telecommuting options
Employee retention and employment metrics
Good for the Community:
Job Creation for Chronically Underemployed Populations
Women, minorities, disabled, low-income
Giving second chances to certain demographics (Rubicon Bakery)
Diverse Board of Directors, Management Team, and Employee Base
Suppliers with Ownership from Women and Other Minority Populations
Good for the Environment
Energy and water efficient infrastructure, renewable energy systems
Indoor air quality, emissions, product life cycle assessments, reclamation (recycle/reuse) initiatives
Employee incentives for alternative commuting options
Good for the Long Term
Degree of Engagement with Environmental and Social Objectives Reflected In:
Mission statement
Employee incentives
Feedback from external stakeholders, board of directors, and executives
Transparency
Corporate Structure
Good to the Core
Community Support (Arts, Education, Health Care, etc.)
At Least 40% Worker Ownership
Poverty Alleviation through Supply Sourcing
Microfranchising or Microdistribution model
To find out more about how Three Corners Capital supports B Corporations, contact us to learn more.